At the beginning of 2014, Robotics Inc. acquired a manufacturing facility for $12.3 million. $9.3 million of the purchase price was allocated to the building. Depreciation for 2014 and 2015 was calculated using the straight-line method, a 20-year useful life, and a $1.3 million residual value. In 2016, the estimates of useful life and residual value were changed to 15 years and $530,000, respectively.

What is depreciation on the building for 2016?